Jersey Mike’s Subs

Is a Jersey Mike's Franchise Right for You?

Opening a franchise is a popular way to start your own business. The franchise industry is booming, with a huge economic impact. If you're thinking of starting your own franchise, Jersey Mike's Subs might be a good option.

The Jersey Mike's Story

Jersey Mike's Subs, originally called Mike's Subs, began in 1956 in New Jersey. It quickly became a local favorite, known for its delicious subs and friendly service. In 1971, a young employee named Pete Cancro bought the business and expanded it, opening more locations and keeping the original quality and community focus. Today, Jersey Mike's Subs has over 2,000 locations.

The Pros and Cons of a Jersey Mike's Franchise

The Good

Jersey Mike's Subs focuses on making high-quality subs using fresh ingredients. This means their franchisees can be proud of the food they serve.

With a limited menu, Jersey Mike's franchisees can focus on preparing fresh food every day. They don't need a lot of equipment or a large staff. This makes managing the franchise easier and more affordable.

Here are the top benefits of owning a franchise, including a Jersey Mike's franchise:

• A proven system and support from the franchisor
• A well-known brand name
• A high success rate
• Purchasing benefits
• Strong potential for profit

The Not-So-Good

Jersey Mike's Subs has a robust training program to make sure franchisees are well-prepared and maintain the brand's high standards. This means there is more training than some other franchises, but it's designed to help you succeed.

Here are some potential drawbacks to consider:

• Some limitations on how you run the business
• Limited flexibility to make changes to the business
• Initial investment costs
• Ongoing costs, such as franchise fees
• Less financial privacy compared to starting a completely independent business

Is a Jersey Mike's Franchise Right for You?

The sandwich industry is popular and offers a chance to provide a healthier and fresher alternative to traditional fast food. When you open a Jersey Mike's Subs, you're not just starting a business; you're also becoming part of a community.

Jersey Mike's business model offers:

• A focus on healthy eating
• Support for franchisees and community involvement
• The flexibility to have a balanced work-life

Jersey Mike's Subs has been recognized for its success, consistently ranking among the top franchises in Entrepreneur's Franchise 500.

What Makes Jersey Mike's Subs Unique?

Flavor Profile

Jersey Mike's Subs are known for their delicious taste. Here's what makes them special:

• Fresh vegetables like onions, lettuce, and tomatoes
• A unique blend of olive oil, red wine vinegar, and spices
• High-quality, freshly sliced meats and cheeses
• Freshly baked bread
• USDA Choice Roast Beef
• 99% fat-free, whole-muscle meat turkey

Community Focus

Jersey Mike's goes beyond just making great subs; they build a loyal community by providing excellent customer service and supporting local causes. This can translate to regular customers and repeat business.

Starting Your Jersey Mike's Franchise Journey

Ready to open your own Jersey Mike's Subs franchise? Here's a step-by-step guide:

1. Online Application

Start by filling out a quick online application with your basic information.

2. Initial Phone Screening

A Jersey Mike's representative will call you to ask some questions and learn more about you.

3. Meet the Criteria

Jersey Mike's will evaluate your qualifications to become a franchisee. You'll need to be financially prepared for the initial investment, which includes a franchise fee and other startup costs. You'll also need to be able to cover ongoing fees, such as royalties and advertising costs.

Here are some of the key costs you should be aware of:

• Initial franchise fee: $18,500
• Real estate and construction fee: $5,000
• Grand opening advertising: $12,500
• Business licenses and permits: $15,000

Jersey Mike's estimates the total initial investment to be between $144,668 and $786,233.

4. Identify Your Location

Decide where you want to open your franchise. Consider these factors:

• Is there a demand for Jersey Mike's Subs in your community?
• How much competition will you face?
• Is there a suitable location available?
• Does the area have enough vehicle or foot traffic?

5. Review the Franchise Disclosure Document (FDD)

The FDD is a legal document that outlines the agreement between you and Jersey Mike's. It contains important information, such as:

• Details about the company and its history
• Information about any legal disputes
• Financial statements and reports
• Investment costs and fees
• Details about the products and services offered

6. Initial Interview

You'll have an interview with Jersey Mike's to discuss your qualifications and ask any questions you have. If you are selected, you'll move on to the due diligence process.

7. Due Diligence

This stage involves researching Jersey Mike's Subs thoroughly. This could take a few months. Here are some things you should do:

• Connect with other franchisees to learn from their experiences
• Compare the FDD to other franchise opportunities
• Speak with financial advisors

8. In-Store Training

You'll participate in a week-long training program at an existing Jersey Mike's Subs location. You'll learn about business operations, including the famous "Mike's Way" of making subs, customer service, and the company's culture.

9. Meet with Executive Team Members

You'll get to meet and learn from experienced members of the Jersey Mike's executive team. This is a great opportunity to ask questions and build relationships.

10. Franchise Agreement

Once you're ready, you'll sign the franchise agreement. This makes your commitment official.

11. Secure Real Estate

Find the perfect location for your franchise and finalize the real estate agreement.

12. Training and Construction

You'll receive more training as construction gets underway. And when everything is ready, you'll be ready for your grand opening!

The Takeaway

Owning a franchise can be a great business opportunity. If you're looking for a proven franchise with a strong brand, a focus on quality, and a community-oriented approach, Jersey Mike's Subs is worth considering.